Saturday, December 22, 2012

Nifty outlook for week ending 28 Dec 12

Last week it was posted  "nifty  will be in bulls grip if sustains above 5920... below 5850 bears will dominate ..."
http://www.dhanvarsha.in/2012/12/nifty-outlook-for-week-ending-21-dec-12.html
Nifty remained  in 5823 - 5939 range ,  weekly closed seen  at 5847 just below 5850 ..
red shooting star candle at weekly chart is indicating that bears are dominating here.

above chart is showing trend reversal at weekly chart ...weekly candle  made lower high and lower low ...
6000  Ce having highest oi buildup ie 12,731,850...
20 lacs call added at 5900  on Friday ...
so 5900 too coming in bears grip with oi of 87 lac ...
looking down.....5800 or 5740 
daily nifty chart is showing 50 dma support at 5741 
 above 5850 bulls may pull it to 5940 at max ....  next strong resistance is 5940 .
Nifty is weak below 5850 having nice  support at  5740 ...
so trend decider  for next week is 5850 ....
Next week will be extremely volatile and truncated due to Christmas holiday .
expecting red closing ...
range we may see 5700- 5900
few messages...
posted here too ...
http://www.dhanvarsha.in/2012/12/nifty-outlook-and-trading-levels-for-21.html
kailash123p@yahoo.co.in Group (12/20/2012 2:05:30 PM): 5945 55 is resisistance for futures sell here low risk sl 5966 for lower tgts
kailash123p@yahoo.co.in Group (12/20/2012 2:05:40 PM): 5945 55 is resisistance for futures sell here low risk sl 5966 for lower tgts
kailash123p@yahoo.co.in Group (12/20/2012 2:20:42 PM): buy 6000 pe at 73 74 sl 66 tgt 79 89 
kailash123p@yahoo.co.in Group (12/20/2012 2:21:15 PM): sell nifty below 5945 or at cmp
Discussion with member ...
Taneja (12/20/2012 1:10:23 PM): yahan se market upar ya neeche ?
Taneja (12/20/2012 1:10:35 PM): 1:10 ho gya
kailash123p@yahoo.co.in (12/20/2012 1:10:57 PM): tgt 5800 kal tak
kailash123p@yahoo.co.in (12/20/2012 1:11:08 PM): aaj kahin bhi jae
kailash123p@yahoo.co.in (12/20/2012 1:11:32 PM): aaj bhi girega
kailash123p@yahoo.co.in (12/20/2012 1:11:41 PM): but 2 baje ka drama 
kailash123p@yahoo.co.in (12/20/2012 1:11:47 PM): unki marzi
Taneja (12/20/2012 1:11:51 PM): k
kailash123p@yahoo.co.in (12/20/2012 1:12:17 PM): i m positional bearish
kailash123p@yahoo.co.in (12/20/2012 1:12:25 PM): sell on rise

Nifty  corrected with volumes after 2.20 PM ...


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